Flutterwave, the paytech agency working throughout Africa, has now secured a Cost System Licence to function in Zambia, enabling it to ship cell cash companies to enterprises within the Southern African nation.
Having obtained the licence, Flutterwave plans to facilitate each native and worldwide commerce, whereas boosting monetary inclusion and financial development in Zambia. It says its cell cash collections and payout companies will allow Zambian companies throughout varied industries to streamline transactions, cut back prices, and scale effectively each regionally and globally.
The paytech sees important potential in Zambia, because the nation’s web penetration fee continues to extend, alongside the adoption of cell cash for on a regular basis transactions. In reality, cell cash adoption contributes virtually 70 per cent of Zambia’s monetary inclusion fee.
“Our aim is to offer companies throughout the complete African area with the instruments they should compete not simply regionally however globally,” defined Olugbenga ‘GB’ Agboola, founder and CEO of Flutterwave. “Flutterwave’s infrastructure now stretches throughout nearly all of Africa and, with our new licence in Zambia, we’re one step nearer to reaching our mission. At Flutterwave, we imagine that by simplifying funds, we are able to unlock new alternatives for companies in Zambia and contribute to the nation’s broader financial improvement.”
For worldwide firms trying to broaden into Zambia, Flutterwave gives a dependable gateway to the market, enabling seamless native funds and supporting every part from client transactions tobusiness-to-business funds.
One step nearer to Pan-African enlargement
Zambian companies aiming to entry world markets will profit from Flutterwave’s cross-border cost options, which make it simpler to gather funds from prospects within the diaspora and conduct enterprise on a worldwide scale.
“Buying the Cost System Licence in Zambia is a vital step in our Pan-African enlargement technique,” stated Oluwabankole Falade, chief regulatory officer at Flutterwave. “This licence permits us to not solely assist Zambian companies in rising and competing globally but in addition to make sure that our operations are in full compliance with native laws.
“We’re deeply grateful to the Financial institution of Zambia for his or her belief and for the chance to work inside Zambia’s monetary ecosystem. We’re dedicated to collaborating carefully with the Financial institution of Zambia and different regulatory our bodies to advertise monetary innovation and drive financial development.”
With a monitor report of success throughout Africa, Flutterwave has change into a trusted accomplice for companies in over 30 nations. It says its enlargement into Zambia additional reinforces its dedication to supporting African companies and boosting financial development by way of digital funds.
